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DoorDash Falls Amid Steep Costs to Sustain Pandemic Growth

  • Revenue increases 83% to $1.2 billion in the second quarter
  • Company has used its momentum to expand into new categories
Updated on

DoorDash Inc. posted record orders, but fell as investors focused on signs the food-delivery company will need to spend heavily to expand into new markets and sustain its pandemic-induced hyper growth.

Sales increased 83% to $1.24 billion in the three months ended June 30, the San Francisco-based company said Thursday in a statement. Analysts, on average, projected $1.09 billion, according to data compiled by Bloomberg.